Minister Calleary announces launch of the MyFutureFund Employer Portal

• MyFutureFund employer portal opens today
• Employers advised to complete profile by 31 December
• Registration takes around 5 minutes

Minister for Social Protection, Dara Calleary, today launched the MyFutureFund Employer Portal. The portal is designed to support and facilitate employers’ engagement with MyFutureFund, the new automatic retirement savings scheme, with a minimum of administration involved.

From today, the portal provides employers with the platform to complete their profile and choose a payment method in advance of the start of MyFutureFund in January 2026. Resources to help employers meet their obligation to inform employees of their enrolment will also be provided directly through the secure mailbox on the portal. This is another example of reducing the administrative burden on employers.

Commenting on the portal, Minister Calleary said

" MyFutureFund is a landmark initiative that provides employees with a secure financial future when they retire.”

“Today I am officially launching the MyFutureFund Employer Portal. This will ensure that employers have sufficient time to complete their profiles in advance of the commencement of the scheme on 1 January.”

“Completing your company profile on the portal will only take around five minutes and is essential to ensure that all steps are completed in order for your company to be in compliance with the scheme.”

“It is a transformative scheme for the country which is designed to be as seamless as possible for employers, a system that works in the background as they carry on their normal business.”

There are three simple steps for employers. All they need to access the portal is to go to myfuturefund.ie and log into the portal using their ROS PREM certificate before 31 December and

1. Complete company profile.
2. Set up a payment method.
3. Run payroll as usual.

Once registered, employers will be able to view contributions paid and owed, get notifications sent directly to their nominated contact person, contact customer support, check their contributions record and update their details.

Agents will also be able to undertake these steps for employers using the same credentials they already use for accessing Revenue Online Services on behalf of their clients. And for those who don’t use payroll software they will still be able to make payments directly through the portal.

The National Automatic Enrolment Retirement Savings Authority (NAERSA) will handle all the administration including enrolling employees, collecting contributions and managing investments. They will also handle opt in’s/outs and suspensions.

For further information on MyFutureFund and NAERSA, please visit myfuturefund.ie. The MyFutureFund contact centre for employers and employees can be reached on 01 568 9555. Alternatively, employers can write to NAERSA at MyFutureFund, TCS Drive, Letterkenny Technology Park, Letterkenny, Co. Donegal, F92 W8CY.

For more information on auto enrolment go to: Auto-enrolment.

NOTES FOR EDITORS

Overview

MyFutureFund, the auto-enrolment retirement savings system, is a landmark initiative aimed at helping an estimated 750,000 workers in Ireland who do not currently have access to a work or personal pension, being paid through payroll, to begin saving for their future. MyFutureFund has a legislative basis under the Automatic Enrolment Retirement Savings System Act 2024.

From 1 January 2026, employees in Ireland who meet the eligibility criteria will have access to a quality-assured retirement savings scheme.

Administration

MyFutureFund has been designed with simplicity in mind. The bulk of the administration will be handled centrally by a new body that has been set up called the National Automatic Enrolment Retirement Savings Authority (NAERSA). NAERSA will act as the administrator of MyFutureFund and will take care of:

* identifying and enrolling eligible employees

* handling opt-in, opt-out and suspension requests

* collecting and investing contributions

* enforcing compliance with the legislation.

NAERSA will facilitate employer and participant online portals as well as providing a customer contact centre to assist with queries.

Employer advantages

MyFutureFund has a number of advantages for employers. First and foremost, MyFutureFund is designed to keep pension administration for employers to a minimum as NAERSA will handle the vast majority of this. This makes MyFutureFund a more straightforward option for employers compared to procuring and administering an occupational scheme.

Contribution rates are being phased in gradually over the first decade of the scheme to allow for employers to budget.

NAERSA will not charge employers for this administration. Instead, NAERSA will be funded through a participant fee.

MyFutureFund will make it easy for employers to ensure that their employees have better financial provision for their retirement, potentially improving their own attractiveness as an employer of choice and improving retention rates of valued workers in a tight labour market.

Employee advantages

MyFutureFund will provide access to a quality assured retirement savings scheme to around 750,000 employees who otherwise would not have pension coverage outside of the State Pension. Enrolment for eligible staff is handled automatically, meaning that employees don’t need to do anything to begin saving for their retirement.

MyFutureFund guarantees employer matching contributions as well as a top-up paid at a rate of €1 for every €3 contributed by the employee.

Fees and charges for the scheme are clear and transparent. There will only be two fees:

• A low flat fee charged for the administration of active MyFutureFund savings pots
• An investment management fee that is well below the market rate and is expected to be below 0.1% of assets under management.

Because all participants are placed into a default investment strategy that operates on a life cycle basis e.g., decreasing investment risk the closer a participant gets to retirement, there is no need to make difficult financial decisions to get a good retirement savings pot.

All savings will be the personal property of the participant. There is no vesting period, meaning that as soon as the contributions are received by NAERSA they belong to the participant.

Contributions

Contributions will begin to be collected from 1 January. NAERSA will collect the employer and employee contributions from the employer and the State top-up separately. Contributions are calculated on gross pay as reported to Revenue and taken from net pay after deductions.

The contribution rates are set out in the table below.

Employer’s step by step guide to employer portal on MyFutureFund

To start your registration, you can go to myfuturefund.ie/employer and log into the employer portal using your ROS certificate. Once you are logged in, there are three quick steps to register as an employer: reviewing the terms & conditions, completing your company profile, and setting up your payment method.

1. Review Terms & Conditions

You will view and agree to MyFutureFund’s Terms of Use and Privacy Policy. These relate to the use of the online employer portal.

2. Complete Company Profile

To complete your company profile, you will first add your company details. This includes:

• Company name

• Company trading name (optional)

• Business sector (from a dropdown list).

• Number of employees (select from numerical range).

• Communication language preference (English or Irish).

• Method of communication (Electronic or paper).

• Company address

Secondly, you will add a company contact person. This includes:

• First name

• Middle name (optional)

• Family name

• Phone number

• Email address

MyFutureFund will notify you at the email address you provide each time you have a new message in your Secure Mailbox on the employer portal.

3. Set-up a payment method

You will set up a payment method for making contribution payments to MyFutureFund. There are two main methods for doing so: variable Direct Debit, and Debit/ Credit card.

It is recommended to set-up a variable Direct Debit, as contribution payments will be collected automatically for you on or shortly after your employees’ pay date. This makes Direct Debit the most convenient and reliable way to pay, as you will not need to arrange your payments directly.

If you are not ready to set-up your payment method, you may select ‘Skip for now’ to access your Employer Dashboard. A banner will remind you to set-up your payment method.

Direct Debit – Digital Mandate

You can set-up a Direct Debit digitally, or complete the mandate by paper. To sign the mandate digitally, you will be asked:

• To set-up a Direct Debit, you must be one of the bank account holders and have the authority to sign Direct Debit mandates. Are you the account holder and the sole signatory required to authorise the mandate?

If you are authorised to sign the mandate digitally, you will be asked to provide your bank account details, including:

• Full name (of the bank account holder)

• Account number IBAN

• BIC number

• Account holder address (optional, but mandatory if the account holder’s address is outside the EEA).

Direct Debit – Paper Mandate

If you are not authorised to complete a digital Direct Debit mandate, you can download a paper mandate form, complete it and return it to NAERSA by post. You can also download it later from MyFutureFund.ie if you need.

Debit/ Credit Card

You can also choose to select Debit/ Credit card as your payment method. If you pay by Debit/ Credit card, you will have to make your contribution payments by 6.30pm Irish Standard time on your employees’ pay date. You will need to enter your card details each time you are making a contribution payment.

Further information on MyFutureFund is available at myfuturefund.ie or www.gov.ie/ae

ENDS

Press Office Contact Details

E: press.office@welfare.ie

T: 01 704 3082

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